The market for lemons

When a mechanic can’t fix a car after multiple attempts, it’s time to find another repairman. When the same mechanic offers to buy the clanking car, the owner faces a dilemma - should they sell at what may be a cheap price or be left holding what may be a lemon of a car? That’s the situation Misys’ shareholders face after a management-led group has approached the company about a buyout. Earnings at the UK software group have shrunk and its shares have lost more than 50% of their value over the ...